UK economy shrinks by 0.2%Jump to media playerOfficial figures show the UK's economy shrunk in the last quarter of 2011. It marks a sharp drop in economic activity from the third quarter of 2011, when gross domestic product expanded.

Manufacturer says lack of skilled workers a problem

George Osborne has admitted that the latest GDP figures, which show that the UK economy shrunk by 0.2% in the last quarter of 2011, are "disappointing".

Overall, the gross domestic product rose by 0.9% compared with 2010.

David Cameron told MPs at PMQs that the government had a plan to get the economy moving.

Radio 5 live's Victoria Derbyshire spoke to Steve Hawkins from MOOG Controls, which make systems that control F1 parts and the Wimbledon roof. He told her that a lack of skilled workers was holding them back despite the rise in demand for their products.